Archive · 31 Jan 2026
Union Budget 2026: Expectations and Industry Demands
The Union Budget 2026 is just two days away, and different industries have their expectations.
Digital marketing agencies want faster GST refunds to help them grow and serve international clients.
The insurance industry is asking for better tax deductions, a fix for the input tax credit issue, and parity between old and new tax regimes.
They also want support for micro-insurance and climate-risk insurance solutions.
The budget is seen as a chance to boost insurance adoption and make it more affordable.
The general insurance sector is focusing on sustainable growth, while the life insurance sector wants better tax treatment for annuities and lower transaction costs.
Overall, the budget is expected to support economic growth and improve financial security for households.
Union Budget 2026 is expected in 2 days, with Finance Minister Nirmala Sitharaman set to deliver the speech.
Digital marketing agencies seek faster GST refunds to reduce operational friction and support growth.
The insurance industry calls for enhanced tax deductions, ITC fix, and parity between old and new tax regimes.
General insurance sector focuses on sustainable growth, micro-insurance, and climate-risk solutions.
Life insurance sector seeks better tax treatment for annuities and lower transaction costs for affordability.
- Who
- Finance Minister Nirmala Sitharaman, insurance industry, digital marketing agencies, salaried taxpayers, senior citizens, homebuyers, savers
- What
- Union Budget 2026 expectations and demands from various industries
- When
- 2 days away from the budget speech
- Where
- India
- Why
- To address fiscal and regulatory changes, support economic growth, and improve affordability and accessibility of insurance and other services
- Budget Date
- 2 days away
- GST Refund Cadence
- 7-day provisional
- Insurance NBP Growth
- 8.9% in FY26, 8.2% in FY27
- Health Insurance Deduction (Old Regime)
- ₹25,000 for individuals, ₹50,000 for senior citizens
- Foreign Direct Investment in Insurance
- 100% permitted
- GST on Insurance Premiums
- Removed for affordability
